Company Profile

NOVT Corporation (AKA: Novoste Corporation)
Profile last edited on: 3/6/2023      CAGE: 1WB57      UEI: ----------

Business Identifier: NO Business Identifier is currently available for this company.
Year Founded
1987
First Award
1996
Latest Award
1996
Program Status
Inactive
Popularity Index
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Location Information

4350 International Boulevard
Norcross, GA 30093
   (770) 717-0904
   N/A
   www.novtcorp.net
Location: Single
Congr. District: 04
County: Gwinnett

Public Profile

NOVT Corporation, formerly Novoste Corporation until it changed its name in 2006, is/was a medical device company developing a hand-held device to deliver beta, a low-penetration radiation, to the site of a treated blockage in a coronary artery. Novoste Corporation developed the Beta-Cath System, a hand-held device to deliver beta, or low penetration, radiation to the site of a treated blockage in a coronary artery to decrease the likelihood of restenosis. Restenosis, the renarrowing of a previously treated artery, is the major limitation of percutaneous coronary intervention (PTCA), a procedure used by interventional cardiologists to open blocked coronary arteries. The Beta-Cath System has been shown to reduce the incidence of restenosis in-patients who are being treated for blocked stents, or in-stent restenosis.The Beta-Cath System is designed to fitwell with techniques currently used by interventional cardiologists in the cathlab. It is a hand-held device that hydraulically delivers beta radiation sources through a closed-end catheter to the area of the coronary artery injured by the immediately preceding PTCA procedure.

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
250-500
Revenue Range
20M-50M
VC funded?
Yes
Public/Private
Publicly Traded
Stock Info
OTC : NVTP
IP Holdings
25-49

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
1996 1 NIH $99,840
Project Title: Endovascular Irradiation For Inhibition Of Restenosis

Key People / Management

  Terry Gibson -- CEO

  Alfred J Novak -- President

  Jonathan J Rosen